GGV's Tung Not Seeing Any Signs of Singles' Day Fatigue

The video discusses Alibaba's significant growth, particularly during Singles Day, highlighting the increase in sales from 2013 to recent years. It explores the concept of 'new retail,' which combines online and offline experiences using technologies like AR and VR. The discussion emphasizes the importance of consumer experience and value, showcasing how Alibaba's scale allows for cost-effective shopping by eliminating middlemen.

What was the approximate sales figure for Singles Day in 2013?

• 5.7 billion

• 50 billion

• 12 billion

• 23 billion

What is the main goal of combining online and offline retail experiences?

• To enhance the shopping experience

• To reduce the number of physical stores

• To challenge Amazon's dominance

• To increase online sales only

Which technology is mentioned as a way to enhance retail experiences?

• Blockchain

• Artificial Intelligence

• Augmented Reality

• 3D Printing

What is a key benefit of Alibaba's Luma stores?

• Direct sourcing leading to lower costs

• Higher prices for premium products

• Limited product variety

• Exclusive online-only deals

How does Alibaba manage to offer lower prices in its Luma stores?

• By limiting sales to Singles Day

• By cutting out the middleman

• By reducing product quality

• By increasing the number of middlemen